1600 can be a point of reversal

Updated
Reliance has breaking highs 1500 was a good resistance breakout due to heavy volumes. 1600 is the range to watch, divergence might kick-in and selling here will create good selling pressure downwards.
Trade closed: target reached
decent 140 points profit from the shorting range
1600Chart PatternsDivergenceNIFTYnifty50RELIANCETrend AnalysisWave Analysis

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